SMM April 24 hearing: 2015 copper prices fell in vain, and it began to rally has become less stamina in November 2016.But some people believe that the copper supply side of the increase in interference caused by copper production decline, or the copper market recovery opportunities are gradually coming.

There are many reasons for decline in global copper production: the copper mine strike since the beginning of the year;the shutdown caused by the torrential rain in Peru and the ban on Philippine exports .And the world's largest producer of Chile's first two months of this year's copper production fell 8.9% year on year, while the world's second largest producer of Peru's first two months of this year's copper production fell 14.75% year on year.

"Copper prices can be supported by external factors, including the possible cut-off of miners and the reduction of ore tastes," said Arnaud Soirat, director of copper and diamond at Rio Tinto Copper. Copper 's long - term fundamentals are still quite optimistic, with a slight shortage of copper supply this year and we expect further demand for emerging markets to grow.

For the future of copper prices, Chilean mining minister Ola Luo Weisi Si said: "Although the next cycle is expected to be too early, but the worst moments of the market has passed.”

According to a foreign company predicted that copper prices in the next 3-4 years, an upward trend. "We believe that the pressure on rising copper production costs will continue, but the current rate of copper prices is higher than the cost of rising costs, or to ensure that profit margins rise," the company said.

But with the copper supply disruptions continue to ease the issue, copper prices can significantly diminish the action, the recent collapse in the black varieties under the drag, copper prices running down gradually. "